• 2020 January 15 08:49

    MABUX: Bunker market this morning, Jan 15

    The Bunker Review was contributed by Marine Bunker Exchange (MABUX)

    MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated downward changes on January 14:

    380 HSFO: USD/MT – 384.68 (-4.14)
    VLSFO: USD/MT – 545.00 (-6.00)
    MGO: USD/MT – 690.45 (-11.29)


    Meantime, world oil indexes increased on Jan.14 amid hope for global growth as the market focused on the signing of a preliminary trade deal between the United States and China.

    Brent for March settlement increased by $0.29 to $64.49 a barrel on the London-based ICE Futures Europe exchange. West Texas Intermediate for February rose by $0.15 to $58.23 a barrel on the New York Mercantile Exchange. The Brent benchmark traded at the premium of $6.26 to WTI. Gasoil for February delivery increased by $2.50.

    Today morning oil indexes slight down after the American Petroleum Institute (API) reported that U.S. crude stockpiles rose.

    According to API U.S. crude inventories were up by 1.1 million for the week ended Jan. 10. For the forthcoming Energy Information Administration report, which is due later in the day, it is expected a crude inventory decline of 750,000 barrels.

    China’s foreign trade rebounded well above expectations in December. Exports came in 7.6% up on the year, while imports rose by an even more impressive 16.3%. Imports of crude showed the third-highest monthly number ever 45.48 million tons - an average of 10.7 million barrels a day - in December.

    The numbers were arguably inflated by a last-minute dash by independent refiners to fill their import quotas before year-end but they still appeared to point to Chinese industrial activity recovering.

    Moreover, China and the U.S. are scheduled to sign a trade pact on today. The exact details of the deal aren’t known yet, but earlier on Jan.14 the U.S. authorities dropped the designation of China as a currency manipulator. This reverses a move made last summer when relations were at a low point.

    The U.S. Energy Information Administration (EIA) in its Short-Term Energy Outlook raised 2020 forecasts for West Texas Intermediate and Brent crude oil prices and said it expects to see U.S. crude-oil production reach new records in 2020 and 2021. The EIA pegged its 2020 WTI oil forecast at $59.25 a barrel ( up 7.7% from its previous view) and its Brent crude price forecast to $64.83(up 7.1%) for 2020. The agency also expects U.S. crude production of 13.30 million barrels a day this year, and 2021 output seen at 13.71 million barrels a day. For 2020, total world output of crude oil and liquid fuels are forecast at 102.37 million barrels a day, while total consumption is seen at 102.11 million barrels a day.

    However, price gains were capped by receding Middle East tensions, with both Tehran and Washington desisting from any further escalation after this month’s clashes.

    Elsewhere, Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said his country will work for oil market stability at a time of heightened U.S.-Iranian tension and wants to see sustainable prices and demand growth. He said it was too early to talk about whether the OPEC&+ would continue with production curbs set to expire in March.

    The situation in Tehran continued to make headlines as Iranians took to the streets to condemn the Islamic Republic’s leadership after Tehran’s forces accidentally shot down a Ukraine Airlines flight.

    We expect bunker prices to demonstrate slight upward changes: 1-3 USD up for IFO, 1-3 USD up for MGO.




2021 April 11

11:38 Meyer Weft's new logistics center starts operation
10:56 Norwegian Coastal Administration: Eemslift Hendrika has been towed to safe harbour

2021 April 10

15:14 NAPA joins Finnish Clean Propulsion Technologies consortium to accelerate development of low-carbon solutions in shipping
14:27 The Valencia Containerised Freight Index (VCFI) increased by 17.48% in March
13:52 A.P. Moller-Maersk helps Amica taking to the rails
12:46 TORM announces capital increase in connection with delivery of vessel
11:03 Jan De Nul halfway through installation of 600MW Kriegers Flak Wind Farm
10:09 Strong 2020 cargo volumes show resiliency of the Port of Vancouver and port industries during a challenging year

2021 April 9

18:08 Everfuel signs MOU for hydrogen supply to new zero-emission ship concept
17:45 SASCO’s new ship SASCO ALDAN leaves for first voyage
17:16 CMA CGM announces PSS for reefer cargo from Ukraine, Romania, Russia (Black Sea), Georgia & Bulgaria to Asia, the Middle East Gulf & Red Sea
16:54 DCT Gdańsk achieves 15 million TEU milestone
16:37 30 countries join global initiative to tackle marine litter
16:26 Container terminal in Świnoujście to let using inland navigation as a method of hinterland transport
15:48 Port of Long Beach container volumes up by 62.3% to 840,387 TEU in March 2020
15:10 Aleksey Klyavin believes Russia’s current IWW fleet can transport twice as much cargo if infrastructure problems are solved
14:02 SEA-LNG welcomes Puget LNG to coalition
13:49 Port of Liepaja throughput in 3M’2021 declined by 1.3% Y-o-Y
13:14 New ICS Guidance on Maritime Security launched
12:51 Finnish Transport and Communications Agency published Year 2020 at Traficom review
12:14 The US has introduced new safety requirements in the maritime transportation system
11:22 Newly established Northern Dvina River Shipping Company commences operation in Arkhangelsk Region
11:14 GTT receives an order from Hyundai Heavy Industries for the tank design of two new Very Large Ethane Carriers
10:58 Stena Livia joins the Baltic Sea fleet
10:29 Aker Arctic completes full scale ice trials of icebreaking bow Saimaa and tug Calypso
09:55 RF Navy's frigate Admiral Kasatonov passed the Pas-de-Calais
09:33 Oil market sees mixed price movements
09:19 Baltic Dry Index as of April 8
08:20 CMA CGM launches the first low-carbon shipping offer by choosing biomethane

2021 April 8

18:41 The first ship affected by the blockage in the Suez Canal to arrive in Barcelona is operating normally
18:14 Port of Rotterdam reduced its total carbon emissions by 27% in 2016-2020
17:52 New Smiltynė Ferry Terminal ferry is about to be completed
17:25 Sea Port of Saint-Petersburg conducted transshipment of deep-submergence rescue vehicle
17:07 Bunker Weekly Outlook, Week 14, 2021
16:24 Throughput of Murmansk Sea Fishing Port in 3M’2021 climbed by 1% YoY
15:59 BIMCO supports global seabed mapping initiative
15:36 SAFEVUE.ai selected by Eaglestar as maritime shifts towards safety solutions centred around human factors
15:00 Damen delivers new LUV 1908 aquaculture support vessel to Organic Sea Harvest
14:48 KN announces market consultation on acquisition of FSRU
14:22 Port of Singapore to revise its port dues rates
13:21 Port of Ipswich expertly handles large rice vessel operation
13:03 Oboronlogistics meets requirements of ISM Code
12:21 MAN Energy Solutions starts ‘AmmoniaMot’ project
12:06 Revision in Port Dues Rates in the Port of Singapore
12:01 Wärtsilä collaborates with Finnish Border Guard in testing of Bio LNG fuel for reducing greenhouse gas emissions
11:24 Waterways of Saint-Petersburg to open for small-size ships on April 15
11:03 Port of Melbourne welcomes longest vessel to dock in Melbourne
10:35 Rosmorport set to complete dredging of KSK grain terminal’s operating water area this year
10:13 Rosmorport commences dredging on Volga-Caspian Sea Shipping Channel
10:07 Nor-Shipping gathers hydrogen leaders to map out fuel of the future at Ocean Now
09:51 Throughput of Yeisk port in 3M’21 rose by 22% YoY
09:28 Oil prices start decreasing
09:10 Baltic Dry Index as of April 7
08:09 DP World to invest £40M in the development of the Southampton terminal

2021 April 7

18:47 MISC takes delivery of its sixth very large ethane carrier
18:26 HMM Nuri fully laden on maiden voyage
18:16 Chairman of the Suez Canal clarified some key facts about an unprecedented incident in the history of the Suez Canal
18:00 Throughput of Temryuk port in 3M’2021 rose by 12%, year-on-year
17:43 Construction walk to work ice breaker proceeding well - Niestern Sander
17:16 Gasum begins biogas test deliveries for the Finnish Border Guard